Three Office REITs To Sell With Weak Balance Sheets
ALXAlexander’s(ALX) Seeking Alpha·2024-06-27 20:00

holicow/E+ via Getty Images If you have read my recent articles, you know that I am expecting a major sell-off in REITs over the next 2 - 5 years. As the graph below shows, the REIT rally that began in October, fueled by expectations of multiple rate cuts by the Fed, is showing signs of fizzling out. VNQ price chart (Seeking Alpha Premium) This is a 180-degree about-face from my outlook at the beginning of this year. I base this new expectation primarily on the technicals, but also on a looming crisis in Of ...